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<h1>SEBI Amends Takeover Regulations: New Rules for Creditor Control, Banker Disclosures, and Shorter Notification Timelines.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Substantial Acquisition of Shares and Takeovers Regulations, 1997, effective upon publication in the Official Gazette. Key changes include provisions for changes in control through management takeover by secured creditors, disclosure of merchant bankers' shareholding in target companies, and restrictions on their trading during specific periods. Various timelines for actions and disclosures have been shortened, such as reducing certain notification periods from 30 days to 15 or 20 days. These amendments aim to streamline and enhance the regulatory framework governing substantial acquisitions and takeovers.